Charles Hoskinson, the founder of Cardano, has weighed in on the contentious XRP lawsuit, voicing his belief that XRP should not be classified as a security. In a detailed recording late Sunday, Hoskinson delved into the intricacies of the case and raised concerns about the approach taken by the U.S. Securities and Exchange Commission (SEC) in regulating cryptocurrencies.<\/p>\n
Charles Hoskinson Clarifying His Position on XRP Lawsuit<\/strong><\/h2>\nHoskinson began by acknowledging two separate but related concerns in the ongoing XRP lawsuit<\/a>. The first issue revolved around whether Ethereum had received a so-called \u201cfree pass\u201d from the SEC, indicating that it had escaped scrutiny as a security. The second concern centered on the possibility that individuals connected to Ethereum had influenced the SEC\u2019s decision to target XRP.<\/p>\n<\/p>\n
However, Hoskinson was reluctant to delve deeply into the \u201cfree pass\u201d aspect of the case, citing the difficulty of proving or disproving such allegations. He likened this situation to other contentious matters, notably the origin of COVID-19, where investigations seemed to be noticeably absent.<\/p>\n
Regarding the allegation that individuals associated with Ethereum had influenced the SEC\u2019s actions against XRP, Hoskinson called for concrete evidence. He maintained that a \u201csmoking gun\u201d in the form of emails, audio recordings, video footage, or whistleblower testimonies was needed to substantiate such claims. In the absence of this evidence, he referred to it as an \u201cunsupported conspiracy.\u201d<\/p>\n
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He also reiterated that XRP should not be classified as a security,<\/a> stating, \u201cCharles has never believed that XRP is a security and there are things going back years where I\u2019ve said that.\u201d<\/em><\/p>\n<\/p>\n
Playful Exchange with XRP Community<\/strong><\/h2>\nThat said, despite his support for XRP, Hoskinson\u2019s relationship with the XRP community has been somewhat tumultuous<\/a>. On Sunday, he teased the XRP community about their ongoing ETHGate theories, playfully stating that he enjoys stirring up the \u2018XRP ETHGate Hornet\u2019s nest\u2019 with memes.<\/p>\nIn response the XRP community slammed the Cardano founder, suggesting his involvement in the alleged ETHGate corruption. However, Hoskinson swiftly dismissed these claims as \u201cconspiratorial thinking\u201d emphasizing his departure from Ethereum in 2014 and his lack of involvement in decisions related to Ethereum\u2019s regulatory status.<\/p>\n
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However, Hoskinson was reluctant to delve deeply into the \u201cfree pass\u201d aspect of the case, citing the difficulty of proving or disproving such allegations. He likened this situation to other contentious matters, notably the origin of COVID-19, where investigations seemed to be noticeably absent.<\/p>\n
Regarding the allegation that individuals associated with Ethereum had influenced the SEC\u2019s actions against XRP, Hoskinson called for concrete evidence. He maintained that a \u201csmoking gun\u201d in the form of emails, audio recordings, video footage, or whistleblower testimonies was needed to substantiate such claims. In the absence of this evidence, he referred to it as an \u201cunsupported conspiracy.\u201d<\/p>\n
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He also reiterated that XRP should not be classified as a security,<\/a> stating, \u201cCharles has never believed that XRP is a security and there are things going back years where I\u2019ve said that.\u201d<\/em><\/p>\n <\/p>\n That said, despite his support for XRP, Hoskinson\u2019s relationship with the XRP community has been somewhat tumultuous<\/a>. On Sunday, he teased the XRP community about their ongoing ETHGate theories, playfully stating that he enjoys stirring up the \u2018XRP ETHGate Hornet\u2019s nest\u2019 with memes.<\/p>\n In response the XRP community slammed the Cardano founder, suggesting his involvement in the alleged ETHGate corruption. However, Hoskinson swiftly dismissed these claims as \u201cconspiratorial thinking\u201d emphasizing his departure from Ethereum in 2014 and his lack of involvement in decisions related to Ethereum\u2019s regulatory status.<\/p>\n <\/p>\n \u2713 Share:<\/p>\n <\/a><\/p>\n <!– <\/p>\n <\/p>\n <\/a><\/p><\/div>\n<\/p><\/div>\nPlayful Exchange with XRP Community<\/strong><\/h2>\n
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